REI Lense

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$1,566 (target)

815 Katherine Ave, Kings Mountain, NC 28086

3 beds • 2 baths • 1475 sqft

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This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $54,390 initial cash invested.

-9.02%

Cash On Cash

4.61%

Cap Rate

0.75

DSCR

$1,566

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,566 income − $1,975 expenses = $409 out of pocket

Income$1,566Out of Pocket$409Mortgage P&I$1,32785%Property Taxes$15010%Insurance$916%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,566

Total Expenses

$1,975

Mortgage P&I

85%

$1,327

Property Taxes

10%

$150

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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